Flexport, the premier tech-driven logistics platform, announced today the acquisition of Shopify Logistics’ assets, including Deliverr, Inc. Flexport’s technology now enables businesses to easily plan, visualize, and execute the movement of items from the factory to the customer’s store or door, all from a single technological platform.
Flexport will increase its superior AI-driven optimization to streamline the whole global supply chain, lowering costs and enhancing customer reliability with the integration of Shopify Logistics.
Traditional supply chain technology has been unable to develop a unified system for end-to-end supply chain planning, visibility, and execution.
Flexport wants to improve all of that by reducing consumer out-of-stocks, company costs, and the environmental impact of goods mobility.
Following in the footsteps of our partners at Shopify, Flexport has built technology solutions on top of a global, diverse network of logistics partners to make life easier for merchants and companies selling across all of their channels worldwide.
We will deepen and expand these partnerships with this acquisition, giving all merchants and businesses greater possibilities to grow and prosper since their success is our success,” Clark stated.
The transaction is expected to occur in the second quarter, subject to usual closing conditions, including regulatory clearances.
We believe that trade may help the human race progress. That is why, from our inception in 2013, we have made it our mission to make global trading simple for everyone.
Flexport is a technology-driven global logistics platform that provides buyers, sellers, and their logistics partners with the technology and services they need to grow and innovate.
Flexport was awarded #1 on CNBC’s Disruptor 50 List and one of Fast Company’s Most Innovative Companies in 2022.
Flexport raised $935 million in a Series E investment round headed by Andreessen Horowitz and MSD Partners in February 2022, with a strategic investment from Shopify and participation from existing partners DST Global, Founders Fund, SoftBank Vision Fund 1, and other investors.
Flexport’s post-money valuation increased to more than $8 billion as a result of the transaction.
